WeWork India Management Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
WeWork India reported Q1 FY27 revenue of Rs 698 crores, up 28.5% year-on-year, with EBITDA of Rs 138 crores at a 19.8% margin and PAT of Rs 53.2 crores versus Rs 8.4 crores a year earlier. Management attributed the sequential dip from Q4 FY26 to a one-time customization revenue booked in the prior quarter that did not repeat, and said desks, members, occupancy and contracted revenue all grew year-on-year. The company also launched a new business services platform called Member Services on July 15 and reiterated its capex guidance for the year.
WeWork India reported FY26 revenue of Rs 2,477 crore, up 23%, with EBITDA of Rs 499 crore and PAT more than doubling to Rs 180 crore. Q4 FY26 revenue grew 29% year-over-year to about Rs 710 crore with a record EBITDA margin of 23.2% and the company ended the year net debt negative for the first time. Management also discussed a Redseer-commissioned industry study on AI's impact on office demand and outlined plans for FY27 capacity additions and a new design-and-build business called Rivet.